Headlines about Aerohive Networks (NYSE:HIVE) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aerohive Networks earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 47.8751489789269 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Aerohive Networks (HIVE) and Its Rivals Head-To-Head Comparison (americanbankingnews.com)
- BRIEF-SQN Investors report 6.8 pct passive stake in Aerohive Networks Inc as of Nov 2 (reuters.com)
- 13G Filing: SQN Investors and Aerohive Networks Inc (HIVE) (insidermonkey.com)
- Featured Volatile Stock: Aerohive Networks Inc (NYSE: HIVE) – Alpha Beta Stock (alphabetastock.com)
- Aerohive Networks’ (HIVE) CEO David Flynn on Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
HIVE has been the subject of a number of research reports. ValuEngine downgraded Aerohive Networks from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 6th. Craig Hallum initiated coverage on Aerohive Networks in a research report on Tuesday, October 17th. They set a “buy” rating and a $6.00 target price for the company. BidaskClub downgraded Aerohive Networks from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.31.
Shares of Aerohive Networks (HIVE) traded up $0.25 on Monday, reaching $4.45. The company had a trading volume of 412,808 shares, compared to its average volume of 260,506. Aerohive Networks has a 12 month low of $3.02 and a 12 month high of $6.14. The company has a quick ratio of 1.95, a current ratio of 2.19 and a debt-to-equity ratio of 0.94.
Aerohive Networks (NYSE:HIVE) last released its earnings results on Wednesday, November 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Aerohive Networks had a negative return on equity of 103.45% and a negative net margin of 17.00%. The business had revenue of $37.07 million during the quarter, compared to the consensus estimate of $38.41 million. During the same period last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. sell-side analysts anticipate that Aerohive Networks will post -0.46 earnings per share for the current fiscal year.
Aerohive Networks announced that its board has authorized a stock repurchase program on Wednesday, November 1st that allows the company to buyback $10.00 million in shares. This buyback authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
About Aerohive Networks
Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.
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